Qatar: Central bank highlights strong 2025 profitability in insurance sector
Source: Middle East Insurance Review | Sep 2026
Profitability in the insurance industry in Qatar remained strong and sustainable in 2025, according to the Qatar Central Bank (QCB) in its annual Financial Stability Report.
Total income climbed to QAR20.81bn ($5.7bn), while the return on equity (ROE) normalised slightly to 7.8%. In addition, the sector’s resilience is highlighted by a strengthening of capital positions as solvency ratios saw a marked improvement. Furthermore, liquidity continued to improve in the last three years.
“Underwriting performance remained efficient, though the combined ratio saw a marginal uptick to 79.7%, driven primarily by a slight increase in the loss ratio (66.8%). However, the expense ratio continued its downward trend, reaching a lean 12.8%,” the report said. The return on equity reached 7.6% in 2025, compared to 4.3% in 2024.
A relatively higher drop in technical provisions and an increase in GWP led to a significant drop in the ratio of technical provisions to net earned premiums, indicating more efficient management of liabilities relative to earnings.
QCB also said that during 2025, insurance companies were supported by increases in written premiums. According to the report, total written premiums for insurance companies rose to QAR897m in 2025, compared to QAR878m in 2024, an increase of 2.2%. Written claims reached QAR602m in 2025 compared to QAR558m in the previous year. M